According to IMARC Group latest report titled “Capsule Endoscopy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on capsule endoscopy market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global capsule endoscopy market size reached US$ 413 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 687 Million by 2027, exhibiting a growth rate (CAGR) of 8.51% during 2022-2027.
What are capsule endoscopy?
Capsule endoscopy represents diagnostic procedures used for obtaining images of the stomach, esophagus, and small intestines. They involve the utilization of a small capsule-encased camera, which is swallowed to pass through the gastrointestinal (GI) tract. Capsule endoscopy methods are minimally invasive (MI), do not require the administration of anesthesia, and are painless. They enable the physician to take thousands of images of internal organs that are not accessible through traditional imaging solutions. As a result, capsule endoscopy solutions are extensively employed in hospitals and clinics across the globe.
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What are the growth prospects and trends in the capsule endoscopy industry?
The expanding prevalence of gastrointestinal disorders and colorectal cancer and the rising awareness among the masses about the availability of painless and MI visualization processes for the treatment of such conditions are primarily driving the capsule endoscopy market. In addition to this, the escalating usage of the esophageal, colon, and small bowel capsule endoscopes across hospitals and other healthcare centers for timely diagnosis and enhanced patient care is acting as another significant growth-inducing factor. Apart from this, the growing geriatric population, which is more susceptible to inflammatory bowel disease, Obscure Gastrointestinal Bleeding (OGIB), appendicitis, etc., is also positively influencing the global market. Moreover, the development of various advanced technologies, whichmarketapsules with longer battery life, wi-fi compatibility, and user-friendly high-resolution cameras with a 360-degree panoramic view, is further stimulating the market growth. Besides this, the inflating investments by government bodies across countries in making improvements in the healthcare infrastructure are anticipated to fuel the capsule endoscopy market over the forecasted period.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Boston Scientific Corporation
- CapsoVision Inc.
- Check Cap Ltd
- Fujifilm Holdings Corporation
- IntroMedic Co. Ltd
- Jinshan Science Technology (Group) Co. Ltd.
- Medtronic plc
- Olympus Corporation
- RF Co. Ltd.
- Shangxian Minimal Invasive Inc
Capsule Endoscopy Market Segmentation:
Our report has categorized the market based on region, product, accessory and application.
Breakup by Product:
- Small Bowel
- Esophageal
- Colon
Breakup by Accessory:
- Wireless Capsule
- Workstation and Recorder
Breakup by Application:
- OGIB
- Crohn’s
- Small Intestine Tumors
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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